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How to be a Successful Forex Trader in Malaysia?
Y E A R 2 0 2 0 | I S S U E 3 J U L Y 2 5 , 2 0 2 0
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”MIBrand talks to Mr. Jin Dao Tai an
entrepreneur, award-winning forex
coach and trainer, multi-million dollar
trader and Founder of ForexBriefcase
who carries the exact same
sentiments. He decided to change his
life in 2012, pivoting into multiple
entrepreneurship endeavours and
eventually into managing a multi-
million dollar portfolio.
Hopefully our readers able to get some
ideas on how to be a successful Forex
trader in Malaysia?
The COVID-19 pandemic has taken a toll on the economy. A number of
Malaysians have received pay cuts. Some have even lost their jobs. Worse,
however, is the air of uncertainty for the rest of the year: When will the
economy recover? How long will I be without a full salary?
As Global including Malaysian economy heads towards its largest
contraction and a full-on recession, it may seem like a risk to begin trading.
It is simply too unpredictable. On the other hand, market volatility may spur
experience and opportunity. After all, as multi-billionaire investor Warren
Buffett once said, “Look at market fluctuations as your friend rather than
your enemy; profit from folly rather than participate in it.”

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”What is Forex Trading?
The Forex [FX] market is a global
market that allows one to trade two
currencies against each other. If you
have ever visited a money changer to
exchange the money you have in your
wallet into a different currency, you
have essentially participated in the FX
market.
The forex market has an average daily
trading volume of US$5 trillion. Putting
things in perspective, the New York
stock exchange is at about $20 billion.
And the Forex market is open 24 hours
a day and 5 days a week.Nowadays, it
is easier to trade Forex.
All you need is a laptop and a
brokerage account and you can start
trading. Of course, don’t just fire off
trades without learning how to trade
properly, you will blow through your
account in no time.
mibrand.my
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”How A Newcomer Can Start
Forex Trading Business?
Anyone can start a Forex brokerage
account with less than US$500.
Having said that, this does not
mean that you can make a decent
income with a US$500 account.
Unlike what you see on the internet,
do not expect to be able to 100x or
200x your account in a few months.
If one expects that, he or she
shouldn’t start trading. In order to
do well in the FX market, one has to
learn the correct and proper way to
trade. So, before you start a LIVE
account, do learn how to trade and
be profitable first in a DEMO
account before going LIVE with real
money.
They can start their trading journey
with LCMS Traders club, an
online academy! It is a vibrant
online community where trading
knowledge is available to all levels,
even if one has no prior experience.

Our dedicated coaches ensure that
beginners get off with a great start and
the right mindset to approach trading
the market.The only ideal time to start
is now! In trading FX, we only buy and
sell a currency against another one, for
example EUR against USD.
Hence there are
bountiful opportunities to be trading
even during the current pandemic
outbreak as we compare one country’s
economy to another.
Valyou, Malaysia’s first wallet-to-
wallet remittance service provider in
partnership with eSewa Money
Transfer (eSewa) has launched the
very first Malaysia to Nepal wallet-
to-wallet money remittance service.
Nepalese in Malaysia can now
instantly and directly send money
into the eSewa wallet in Nepal at a
RM0* fee or any Nepali bank
account.
“Malaysia is home to nearly 300,000
Nepalese who largely work in the
manufacturing and the security
services sectors, representing a
large economic migrant segment
here.
Working together with eSewa, we
are delighted to be able to offer
them convenience and peace of
mind by enabling them to send
their hard-earned money instantly
and securely to their loved ones
back at home,”said Prasanna Rao,
Chief Executive Office, Valyou Sdn
Bhd.
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